Bermuda's Ministry of Finance has announced the recent release of a report from the Tax Reform Commission (TRC) on policy recommendations to reshape Bermuda's tax system to reduce the cost of living and the cost of doing business, and to promote job creation, economic growth, social equity, and healthy public finances. As noted in the release, the tax-related recommendations detailed in the report include the following:
- Create a Stability Fund to use Corporate Income Tax (CIT) revenues to …